Group Head of Audit, Risk & Compliance - Michael Page International (UAE) Limited

The main responsibility of the Group Head of Audit, Risk and Compliance is to support the Audit, Risk and Compliance (Board) Committee and the Group Managing Director & CEO in providing assurance on the ongoing adequacy and effectiveness of key controls established to mitigate risks within the core operational processes and functional areas that support service delivery.

This includes reviewing the Group's internal controls; operational, financial & commercial compliance; and reputational and potential risks while ensuring policies and procedures are up to date resulting in minimum risk and costs with increased profits

Client Details

Global Financial Services operation headquartered out of Bahrain

Description

Audit Planning/Design

Develop a control assurance framework and Group annual audit plan using input from the individual audit team and stakeholders to identify priorities and resource requirements for the year, covering all Group activities. Meet Managers to discuss needs and propose audits, to build stakeholder requirements into Group departmental plans. Ensure plan is developed to meet the Audit, Risk & Compliance Committee's (ARCC) expectations. Schedule and assign audits to the Audit Group members, ensuring effective and efficient use of resources. Ensure quality control of the Group team's audit plans on an ongoing basis by reviewing and approving plans as they are developed and communicated. Ensure annual audit plans have contingency built in, to provide unexpected audits as they may surface. Delivery of planned and ad-hoc risk based audit work, providing management with timely reports that provide opinions on the control environment, and in particular the effectiveness of key controls that ensure our capability to comply with legal, regulatory, industry, and corporate standards.

Conducting Audits

Oversee and provide quality control for the Group departmental audits.

Ensure completion of audit assignments to provide independent, objective assurance to the ARCC. Develop the Group team's engagement with and support of major business change programmes, thus ensuring that appropriate consideration of risk and control is given to all changes.

Risk Management

Build relationships with leaders across the Group to understand issues and identify areas for improvement for the Group as a whole, including close liaison with accounting and finance staff members to identify risks explicit to corporate reporting mechanisms. Support and encourage supervised team members to be proactive in identifying opportunities to share best practice with the Managers to improve the control environment. Develop risk policies and procedures and establish appropriate risk metrics and reporting. Implement such procedures for the identification, classification, assessment and mitigation of key risks. Develop new methodologies to improve the audit process, making it "easier" for the Group to request audits and implement recommendations. Production of a risk-based plan of assurance reviews covering the services offered by the Group. Identifying risks and controls encompassing all areas of the business, evaluating the adequacy of designed controls ensuring they are correct and consistent, whilst providing assistance to the business in meeting regulatory requirements. Implementing processes to ensure that records are maintained for operational risk events that occur and for financial losses experienced. Keep abreast of developments in Corporate Governance practices and advise the business accordingly.

Compliance

Ensure that the group organization operates within a clearly defined Group Compliance framework. Proactively advise the ARCC and Senior Management on acting in a compliant manner, both from a strategic and an operational perspective. Supporting the ARCC and Senior Management by informing them about relevant compliance subjects such as: Significa

Job Details

Preferred Candidate

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